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You are preparing an estimate of the cost of an IT system expansion for a new branch offic location. It is a very similar to the IT system expansion undertaken for a branch office that opened six months ago. Which technique might you use if you are pushed for a quick estimate?
a. Parametric
b. Analogous
c. Bottom up
d. Probabilistic
This can include the performance of the project, cost changes, and time line adjustments. Changes occur in any type of project. Therefore, a formal change control system is necessary in the overall project plan as well. Review and revise the proje..
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